Core systems

The onus is on CIOs to understand the business and communicate IT’s benefits in a way that solves business problems. Many are finding success by first providing metrics that the business can relate to, and then managing the CEOs expectations.

The National Association of Insurance Commissioners has established a working group to oversee AIG insurance interests, and to ensure that policyholders of the insurance subsidiaries remained protected.

As the government assumes control of the company, the specter of new regulation rises.

An $85 billion bailout loan gives the government 80% equity interest in the insurance giant.

Late Tuesday, the Federal Reserve Board made an unprecedented move to rescue American International Group Inc., giving the U.S. government a 79.9% stake in the failing company.

The support and maintenance has been extended over the next 28 months, and continues the growth of a business partnership that began in 2003.

Pinnacle Life, Allied North America and Harleysville Insurance win first, second and third place in Insurance Networking News’ 2008 INNovators Award.

Standard & Poor's, Moody's, Fitch and AM Best all have downgraded AIG's credit rating.

Total losses are expected to make the hurricane the third-most expensive in history.

New York Governor says the company will be permitted to access $20 billion

The Novarica ACE Rankings document the “Average Customer Experience” of insurers with various technology solutions.

Facing a potential downgrade from credit ratings agencies, AIG is seeking a $40 billion bridge loan from the Federal Reserve.

Association says SEC prematurely quelled debate on rule to regulate fixed annuities.

Association offers its support for bill that would establish federal insurance advisory.

Insurance execs expect sub-prime issues to have significant negative impact on 2009 financial performance, and 36% of the execs expect the risk associated with adequately pricing risk, to be the most significant challenge over the next three to five years, according to a survey conducted by KPMG.

AIG and four former senior executives have agreed to pay shareholders $115 million to settle claims stemming from charges of self-dealing transactions.

New research predicts a shift in IT priorities as the deadline for comprehensive regulations for European insurers nears.

The property/casualty association believes the National Flood Insurance Program (NFIP) offers vital protection to policyholders, and is important to the U.S. economy.

Association says its support comes with caveats.

The Sting Trailer was built to aid in the successful apprehension of organized cargo theft rings.